Beta

A measure of a stock’s volatility relative to the broader market, used to estimate the cost of equity in a DCF via the Capital Asset Pricing Model (CAPM).

Practise it

A slope, not a speed. Generate a series with a beta you choose, regress it back, and see how far one estimate lands from the truth. Raw, adjusted, unlevered, bottom-up.

Open Beta Refresher, free, 10 min

Where Beta comes up

How to Build a DCF Model: Build Order, Terminal Value and the Sanity ChecksA DCF is 70% terminal value and 100% assumptions. Build it so both can be defended.Read the guide — 12 min DCF Interview Questions: The Ones That Actually Come UpFrom "walk me through a DCF" to the follow-ups that catch people who only memorised the steps.Read the guide — 8 min

Keep reading

DCF interview questions guide

Related Valuation terms

Football Field Free Cash Flow (FCF)Terminal Value EBITDA WACC (Weighted Average Cost of Capital)Control Premium

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